Buyer Resource
Property Transfer Tax in BC
Every property purchase in British Columbia is subject to the Property Transfer Tax. Here's what you need to know—including how to save thousands with exemptions.
How PTT Is Calculated
First $200,0001%
$200,001 – $2,000,0002%
$2,000,001 – $3,000,0003%
Over $3,000,0005%
Quick Reference
| Purchase Price | Standard PTT | First-Time Buyer |
|---|---|---|
| $500,000 | $8,000 | $0 (exempt) |
| $750,000 | $13,000 | $0 (exempt) |
| $850,000 | $15,000 | $~2,400 (partial) |
| $1,000,000 | $18,000 | $18,000 (no exemption) |
| $1,500,000 | $28,000 | $28,000 |
Available Exemptions
First-Time Home Buyer Exemption
- • Full exemption on homes up to $835,000
- • Partial exemption $835,000 – $860,000
- • Must be a Canadian citizen or PR
- • Lived in BC for at least 1 year
- • Never owned a principal residence worldwide
Newly Built Home Exemption
- • Full exemption on new homes up to $1,100,000
- • Partial exemption up to $1,150,000
- • Applies to first-time and repeat buyers
- • Must be your principal residence
- • Property must not have been previously occupied
Frequently Asked Questions
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